Word: digital
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Dates: during 1970-1979
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...inevitable result was the summer of double-digit dis content, followed by Stage II. Announcing it, Carter conceded that the tom-toms reverberating from the Oval Office in the past had signaled anything but a determined anti-inflationary policy. The regulators who he now suggests are out of control are Carter appointees. The budget that he says is too big is a Carter budget. But the good news is that the President pro fesses at last to recognize the problems and to have learned from past misjudgments...
...Economics 2220, "Econometric Models," has two professors for three students. Economics 2420, "Seminar: Monetary and Fiscal Policy," has more than three professors for three students. Economics 2480, "Research Seminar in Public Finance," has three professors for one student. Of the 39 graduate courses offered this semester, 21 have single digit enrollments. Perkins qualified these figures by saying there are many students who audit these courses, but never formally enroll...
...workman, avoided the winter snows by travelling to classes through the tunnels. During the 1969 occupation of University Hall, another rumor has it, Harvard administrators escaped invading protesters by fleeing through the underground passages. Once upon a time, the wrestling team jogged through the tunnels, sweating from the triple-digit temperatures, to lose weight before matches. And the stories live...
...stock market, figure that real estate is their best hedge against inflation and a good long-term investment. The baby-boom kids of the mid-1940s are now setting up housekeeping; most of these young families have two earners, and they confidently assume the burden of double-digit mortgages on houses that often run to six figures. This house-hungry group could keep homebuilding strong for years...
...Carter would lose all chance of winning wage-price restraint. In Okun's view, the risk in not adopting a tough guidelines policy is worse: negotiations next year in the construction, auto and trucking industries could result in a wage explosion that would push inflation firmly back to double-digit rates. Joseph Pechman, director of economic studies at the Brookings Institution, adds that the White House could improve chances for labor compliance by promising that if prices rise beyond the guidelines, income tax rebates would be granted to any workers who were hurt because their unions had settled for modest...